Financial Performance - Sales for fiscal 2024 reached $53,309 million, up 0.8% from the prior year[3] - Adjusted operating income for fiscal 2024 was $1,820 million, a 95% increase from the prior year[3] - Adjusted EPS for fiscal 2024 was $3.10, up 131% from the prior year[3] - Fourth quarter sales were $13,565 million, up 1.6% from the prior year[4] - Fourth quarter adjusted operating income was $512 million, up 117% from the prior year[4] - Sales for the twelve months ended September 28, 2024, increased to $53,309 million, up 0.8% from $52,881 million in the previous year[13] - Gross profit for the twelve months ended September 28, 2024, was $3,627 million, representing a gross margin of 6.8%, compared to $2,631 million and 5.0% in the previous year[13] - Net income attributable to Tyson for the twelve months ended September 28, 2024, was $800 million, compared to a net loss of $648 million in the previous year[13] - Adjusted operating income for the twelve months ended September 28, 2024, was $1,820 million, up from the reported operating income of $1,409 million[29] - Net income for the twelve months ended September 28, 2024, was $822 million, compared to a net loss of $649 million for the same period in 2023[34] - Adjusted EBITDA for the twelve months ended September 28, 2024, was $3,120 million, up from $2,149 million in 2023[34] Segment Performance - Beef segment sales for the fourth quarter were $5,261 million, up 3.7% in volume and 0.9% in price from the prior year[5] - Chicken segment adjusted operating income for the fourth quarter was $356 million, up from $75 million in the prior year[7] Cash Flow and Capital Expenditures - Cash and cash equivalents increased significantly to $1,717 million as of September 28, 2024, from $573 million in the previous year[15] - Cash provided by operating activities for the twelve months ended September 28, 2024, was $2,590 million, compared to $1,752 million in the previous year[19] - Additions to property, plant, and equipment for the twelve months ended September 28, 2024, were $1,132 million, down from $1,939 million in the previous year[18] - Free cash flow, defined as cash provided by operating activities minus payments for property, plant, and equipment, was $1,458 million for the twelve months ended September 28, 2024[19][18] - Free cash flow for the twelve months ended September 28, 2024, was $1,458 million, a significant improvement from a negative $187 million in 2023[35] Debt and Financial Ratios - Long-term debt increased to $9,713 million as of September 28, 2024, from $7,611 million in the previous year[16] - Gross debt to EBITDA ratio improved to 3.4x in 2024 from 9.7x in 2023[34] - Net debt to EBITDA ratio improved to 2.8x in 2024 from 9.1x in 2023[34] Non-GAAP and Adjusted Metrics - Adjusted non-GAAP net income attributable to Tyson for the twelve months ended September 28, 2024, was $329 million, with an adjusted EPS of $0.92[25] - Tyson Foods reported a GAAP net loss of $450 million for the fourth quarter ended September 30, 2023, with an EPS impact of $(1.31)[26] - Adjusted Non-GAAP net income for the fourth quarter was $133 million, with an EPS impact of $0.37[26] - For the twelve months ended September 28, 2024, Tyson Foods reported a GAAP net income of $800 million, with an EPS impact of $2.25[27] - Adjusted Non-GAAP net income for the twelve months ended September 28, 2024, was $1,103 million, with an EPS impact of $3.10[27] Impairments and Contingencies - Tyson Foods recorded a goodwill impairment of $333 million in the fourth quarter of 2023[26] - Legal contingency accruals amounted to $118 million in the fourth quarter of 2023[26] Restructuring and Plant Closures - Plant closures and disposals contributed $215 million to operating income in the fourth quarter of 2023[26] - Restructuring and related charges for the twelve months ended September 28, 2024, were $31 million, down from $124 million in 2023[34] - Plant closures and disposals for the twelve months ended September 28, 2024, were $182 million, down from $322 million in 2023[34] Operational Highlights - The Netherlands facility contributed $86 million to adjusted operating income for the twelve months ended September 28, 2024[29] - Brand discontinuation added $8 million to adjusted operating income for the twelve months ended September 28, 2024[29] - The company had approximately 138,000 team members as of September 28, 2024[37] Future Outlook - The company anticipates total adjusted operating income for fiscal 2025 to be between $1.8 billion and $2.2 billion[11] - Capital expenditures for fiscal 2025 are expected to be between $1.0 billion and $1.2 billion[11] - The company expects free cash flow to exceed dividends for fiscal 2025[11] Depreciation and Amortization - Depreciation expense for the twelve months ended September 28, 2024, was $1,159 million, up from $1,100 million in 2023[34] - Amortization expense for the twelve months ended September 28, 2024, was $229 million, consistent with 2023[34]

Tyson Foods, Inc. (TSN) is likely to register bottom-line growth when it reports fourth-quarter fiscal 2024 earnings on Nov. 12. The consensus mark for earnings has remained unchanged in the past 30 days at 64 cents per share, indicating an increase of nearly 73% from the figure reported in the year-ago quarter. TSN has a trailing four-quarter earnings surprise of 49%, on average. The Zacks Consensus Estimate for revenues is pegged at $13.3 billion, implying a 0.2% dip from the prior-year quarter’s reported ...

In its upcoming report, Tyson Foods (TSN) is predicted by Wall Street analysts to post quarterly earnings of $0.64 per share, reflecting an increase of 73% compared to the same period last year. Revenues are forecasted to be $13.33 billion, representing a year-over-year decrease of 0.2%.Over the past 30 days, the consensus EPS estimate for the quarter has remained unchanged. This demonstrates the covering analysts' collective reassessment of their initial projections during this period.Before a company reve ...

Tyson Foods (TSN) is one of the stocks most watched by Zacks.com visitors lately. So, it might be a good idea to review some of the factors that might affect the near-term performance of the stock.Shares of this meat producer have returned +1.5% over the past month versus the Zacks S&P 500 composite's +3.2% change. The Zacks Food - Meat Products industry, to which Tyson belongs, has gained 3.7% over this period. Now the key question is: Where could the stock be headed in the near term?While media releases o ...

The most recent trading session ended with Tyson Foods (TSN) standing at $58.83, reflecting a +0.79% shift from the previouse trading day's closing. This change outpaced the S&P 500's 0.33% loss on the day. Elsewhere, the Dow lost 0.22%, while the tech-heavy Nasdaq lost 0.56%.The meat producer's shares have seen a decrease of 2.33% over the last month, surpassing the Consumer Staples sector's loss of 4.59% and falling behind the S&P 500's gain of 1.83%.Analysts and investors alike will be keeping a close ey ...

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SPRINGDALE, Ark., Oct. 15, 2024 (GLOBE NEWSWIRE) -- Tyson Foods, Inc. (NYSE: TSN) will release fourth quarter 2024 financial results on Tuesday, November 12, 2024. Management will host a conference call and webcast beginning at 9:00 a.m. Eastern Time (8:00 a.m. Central Time). A press release and supplemental materials will be issued before the market opens that morning. Webcast A link for the webcast of the conference call will be available on the Tyson Investor Relations website: http://ir.tyson.com. Audio ...

Tyson Foods (TSN) ended the recent trading session at $58.55, demonstrating a +0.83% swing from the preceding day's closing price. The stock lagged the S&P 500's daily gain of 0.9%. On the other hand, the Dow registered a gain of 0.81%, and the technology-centric Nasdaq increased by 1.22%. Shares of the meat producer witnessed a loss of 10.84% over the previous month, trailing the performance of the Consumer Staples sector with its loss of 2.37% and the S&P 500's gain of 3.15%. Investors will be eagerly wat ...

The most recent trading session ended with Tyson Foods (TSN) standing at $58.07, reflecting a -1.93% shift from the previouse trading day's closing. This change lagged the S&P 500's 0.17% loss on the day. Meanwhile, the Dow lost 0.44%, and the Nasdaq, a tech-heavy index, lost 0.04%. Prior to today's trading, shares of the meat producer had lost 9.91% over the past month. This has lagged the Consumer Staples sector's loss of 0.25% and the S&P 500's gain of 1.25% in that time. Analysts and investors alike wil ...

Tyson Foods, Inc. (TSN) has been showcasing resilience through its diverse portfolio that includes various proteins, channels and categories. In the third quarter of fiscal 2024, the company reported notable improvements in profitability, reflecting the effectiveness of its operational strategies. The Chicken segment, in particular, excelled, leading the company to raise its overall adjusted operating income guidance for the year. However, ongoing difficulties in the Beef segment due to rising cattle costs ...